Deutsche Bank to finance SkyPower’s 18.5MW Ontario facilities

Facebook
Twitter
LinkedIn
Reddit
Email

Deutsche Bank is to finance two SkyPower solar parks, with a combined capacity of around 18.5MW, in Ontario, Canada. The 10MW Stone Mills and 8.5MW Thunder Bay facilities will generate 400 million kWh over 20 years and are scheduled to be completed by mid 2011.

“We are so proud to close financing on our fifth and sixth solar projects and to solidify the arrival of this new era of renewable energy in Ontario. Deutsche Bank and SkyPower are great examples of Ontario's energy policy and entrepreneurial innovation working together and creating new green energy jobs. We look forward to the closing of financing on many more solar projects in the months ahead and helping to provide a cleaner, brighter future for generations to come,” said Kerry Adler, president and CEO of SkyPower.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

SkyPower's debt package amounts to approximately CAN$70 million and marks Deutsche Bank's third successful close of financing in Ontario over the past nine months.

“We are pleased to partner with SkyPower on these projects. This financing further highlights Deutsche Bank's commitment towards the growing renewable energy sector” said Bernd Fislage, Deutsche Bank's head of project finance for Europe and North America.

Read Next

Premium
October 10, 2025
Gaëtan Masson of IEA PVPS warns of overcapacity, collapsing prices and slipping module quality in the new Trends in PV Applications report.
October 10, 2025
The European solar module market has reached a “state of equilibrium” in recent weeks, with stable prices and regular demand.
October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK